Auxico Resources options Porto Grande property

Jul 22, 2019

2019-07-22 10:25 ET – News Release

Mr. Pierre Gauthier reports

AUXICO OPTIONS TANTALUM PROPERTY IN BRAZIL

Auxico Resources Canada Inc. has signed an option agreement to acquire a 100-per-cent interest in the Porto Grande property (Cupixi), located in the state of Amapa, Brazil. The Property is currently owned by Retiro Goncalves / Mineracao Tantaline and represents a surface area of approximately 739 hectares, located 60 km from the city of Porto Grande. The Property has exploration and commercialization (export) permits in place for tin, gold, tantalum and niobium. The Porto Grande Property has occurrences of tantalum, niobium, and tin, based on lab results submitted to Auxico. According to the Company’s geological consultants in Brazil, Mineracao Tantaline and Dr. Arnaldo do Nascimento Vieira, the Property is located within the Gleba-Matapi tantalum-niobium, gold and tin district in Brazil, situated 160 km from the city of Macapa.

Auxico can acquire 100% of the Porto Grande Property for total consideration of US$2 million, subject to due diligence. Auxico has 120 days to conduct this due diligence, which it intends to commence immediately. This due diligence will focus on, but not be limited to, geological sampling and testing on the Property.

Qualified Person

This news release was reviewed and approved by Joel Scodnick, P.Geo., an independent consultant to Auxico, in his capacity as a Qualified Person, as defined by National Instrument 43-101.

About Auxico Resources Canada Inc.

Auxico Resources Canada Inc. (“Auxico”) is a Canadian company that was founded in 2014 and based in Montreal. Auxico is engaged in the acquisition, exploration and development of mineral properties in Colombia, Brazil and Mexico.

We seek Safe Harbor.

https://www.auxicoresources.com/